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Australian Shares Sparty's Blog

Comments on this blog should never be taken as investment advice

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumMarket Cap ~$30m gives 6.6 Mlbs uranium, 14.8 Mlbs nickel and 3.6 Mlbs molybdenum per annum for 25 y

  • Aura Energy (ASX: AEE) announced today:

    Independent consultants have completed the first Scoping Study for the Häggån


     Scoping study confirms economic viability for bioheap leach project

     Net Present Value (NPV) - US$1,090M (pre-tax, 10% discount rate)

     Internal Rate of Return (IRR) 47%

     Total life of mine capital costs of US$769 million, including sustaining capital

     Payback in approximately 4.3 years, or less than a fifth of current project life

     Operating costs of US$36/lb uranium net of by-products

     Low mining costs - strip ratio of 0.75:1

     Nominal 30 Mtpa operation with a 25 year initial mine life - scope to expand

     Target initial annual production of 6.6 Mlbs uranium, 14.8 Mlbs nickel and 3.6 Mlbs molybdenum; target would place Häggån in the top 10 uranium mining operations

     Sweden - excellent jurisdiction to develop a very long life mining operation

     Similar-sized multi-metal bioheap leach operation in neighbouring Finland

     Next-step: PRE-FEASIBILITY


    I hold AEE

  • AEE is a good share to hold if you believe that the energy of the future will come from uranium. I think that gas from its may sources will make uranium uneconomic.

  • Recent commentary suggests that uranium will play a strong part in electricity production going forwards. The recent under-supply of gas from Russia to Europe underlines the importance of having alternatives.

    The uranium report just published by Martin Place Securities is one of the best I have read. It contains nearly all of the information you will require to make a decision about uranium and uranium shares. The MPS people also put Australian ASX companies neatly into the world context. Download the MPS report (pdf)

  • Sparty, MPS's report is, as you say, an excellent read and provides a compelling case for uranium future. I'll reconsidder.

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